Fears of coronavirus contagion and depressed commodity prices have gutted much of Alberta’s economy but there is one sector experiencing a surge: the province’s petrochemical sector.
Penn Virginia (OTC:PVAC) is haunted by its past.
Dutch bank ABN Amro, resurrected in the financial crisis, says massive losses in oil and derivatives trading pushed it into a loss in the most-recent quarter.
Oil futures traded near unchanged Wednesday.
Last year the Contango Oil & Gas (MCF) made two significant purchases that changed the company’s strategy.
Crude oil prices remained low on Wednesday despite Saudi Arabia’s plan to make deeper cuts against low global oil demand caused by the novel coronavirus (COVID-19).
…Dutch bank ABN Amro fell to a loss in the first quarter as the combination of coronavirus and its loans to scandal-hit oil trader Hin Leong led to a more than tenfold increase in impairment charges…
…LGIM (one of Exxon’s biggest shareholders) will win. But the signal this sends is clear: irrespective of Covid – 19 , investors are stepping up the pressure on oil majors to embrace policies to tackle climate…
Crude-oil storage, until a few months ago a neglected sector of the energy industry, grabbed the spotlight in April as a world awash in oil grasped the importance of having places to store supplies.
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